Industrial Automation Market Size, Share, Trends, Growth and Competitor Analysis
Data Bridge Market research has recently issued comprehensive industry
research on Global Industrial Automation Market which
includes growth analysis, regional marketing, challenges, opportunities, and
drivers analysed in the report. The market insights gained through this
Industrial Automation market research analysis report facilitates more defined
understanding of the market landscape, issues that may interrupt in the future,
and ways to position definite brand excellently.
An analysis of competitors is conducted very well in the reliable
Industrial Automation Market report which covers vital market aspects about the
key players. Moreover, the report gives out market potential for many regions
across the globe based on the growth rate, macroeconomic parameters, consumer
buying patterns, their preferences for particular product and market demand and
supply scenarios. It gives significant information and data pertaining to their
insights in terms of finances, product portfolios, investment plans, and
marketing and business strategies. Detailed market analysis has been performed
here with the inputs from industry experts.
Data Bridge Market Research analyses that the
global industrial automation market is expected to reach a value of USD 339.44
billion by 2031 from 181.85 billion in 2023, growing at a CAGR of 8.3% during
the forecast period of 2024 to 2031.
Access Full 350 Pages PDF Report @
https://www.databridgemarketresearch.com/reports/global-industrial-automation-market
Industrial automation is the usage of technologies such as robotics and
computer software to control processes and machinery which substitute human
beings in performing specific functions. These functions are mainly cantered on
manufacturing, material handling and quality control processes. Industrial
automation is the processes and control of machinery which used in numerous
industries by autonomous systems. Industries usage automation to reduce costs
and surge productivity related to their benefits and other associated expenses,
while growing flexibility and precision.
Some of the major players operating in the global
industrial automation market are Siemens, Analog
Devices, Inc., Schneider Electric, General Electric Company, Mitsubishi
Electric Corporation, and FANUC America Corporation among others.
Global Industrial
Automation Market Scope
The global industrial automation market is segmented into six notable
segments, which are based on components, mode of automation, systems, solution,
type and end user. The growth amongst these segments will help you analyse
meagre growth segments in the industries and provide the users with a valuable
market overview and market insights to help them make strategic decisions for
identifying core market applications.
Components
- Sensors
- Industrial Robots
- Industrial PC
- Machine Vision
- Industrial 3D Printing
- Human-Machine Interface (HMI)
- Field Instruments
- Control Valves
- Others
On the basis of components, the market is segmented into sensors,
industrial robots, industrial PC, machine vision, industrial 3D
printing, Human-Machine Interface (HMI), field instruments, control
valves, and others.
Mode of Automation
- Semi-Automation
- Fully-Automation
On the basis of mode of automation, the market is segmented into
semi-automation and fully-automation.
Systems
- PID
- Model Based Control
- Others
On the basis of systems, the market is segmented into PID, model based
control, and others.
Solution
- Programmable Logic Controller (PLC)
- Distributed Control System (DCS)
- Supervisory Control and Data Acquisition (SCADA)
- Enterprise Level Controls
- Programmable Automation Control (PAC)
- Plant Asset Management (PAM)
- Digitalization
- Functional Safety
- Emission Control
On the basis of solution, the market is segmented into Programmable
Logic Controller (PLC), Distributed Control System (DCS), Supervisory Control
and Data Acquisition (SCADA), Enterprise Level Controls, Programmable
Automation Control (PAC), Plant Asset Management (PAM), digitalization,
functional safety, and emission control.
Type
- Programmable Automation
- Fixed or Hard Automation
- Integrated Automation
- Flexible or Soft Automation
On the basis of type, the market is segmented into programmable
automation, fixed or hard automation, integrated automation, and flexible or
soft automation.
End User
- Process Industries
- Discrete Industries
On the basis of end user, the market is segmented into process
industries and discrete industries.
Key Questions Answered with this Study
1) What makes Industrial Automation Market feasible for
long term investment?
2) Know value chain areas where players can create value?
3) Teritorry that may see steep rise in CAGR & Y-O-Y growth?
4) What geographic region would have better demand for product/services?
5) What opportunity emerging territory would offer to established and
new entrants in Industrial Automation Market?
6) Risk side analysis connected with service providers?
7) How influencing factors driving the demand of Industrial Automationin
next few years?
8) What is the impact analysis of various factors in the Global
Industrial Automation Market growth?
9) What strategies of big players help them acquire share in mature
market?
10) How Technology and Customer-Centric Innovation is bringing big
Change in Industrial Automation Market?
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